ANSYS (NASDAQ:ANSS) Now Covered by Analysts at KeyCorp

KeyCorp started coverage on shares of ANSYS (NASDAQ:ANSS) in a research report report published on Thursday, Benzinga reports. The brokerage issued a sector weight rating on the software maker’s stock.

ANSS has been the topic of several other research reports. StockNews.com assumed coverage on shares of ANSYS in a research report on Wednesday, June 26th. They set a hold rating on the stock. Rosenblatt Securities reiterated a neutral rating and issued a $345.00 target price on shares of ANSYS in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $320.00.

ANSYS Stock Down 0.1 %

Shares of NASDAQ:ANSS opened at $321.50 on Thursday. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31. The stock’s 50-day moving average price is $324.93 and its two-hundred day moving average price is $332.96. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The firm has a market cap of $28.07 billion, a price-to-earnings ratio of 64.56, a PEG ratio of 7.16 and a beta of 1.14.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). The business had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. On average, research analysts forecast that ANSYS will post 7.05 EPS for the current year.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is owned by insiders.

Hedge Funds Weigh In On ANSYS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in ANSYS in the fourth quarter worth about $28,000. Raleigh Capital Management Inc. lifted its position in shares of ANSYS by 135.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after buying an additional 57 shares during the period. Quest Partners LLC bought a new stake in ANSYS in the fourth quarter valued at $29,000. DSM Capital Partners LLC acquired a new position in ANSYS during the fourth quarter worth $34,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of ANSYS in the 4th quarter valued at $40,000. 92.39% of the stock is currently owned by institutional investors.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.